YOUR CART

The S&P again traded in a very tight range today, -0.3% to +0.2%, with low volume. The market's low volatility remains a bullish sign. The VIX closed at 14.7, the lowest level since Dec 26 of last year. Energy was the big swing trade today. After opening down as low as -1.0%, the energy sector led the afternoon rally and closed up +0.2%. Oil had a similar turnaround from a low of -3.3% to up +1.6%, finally closing up +0.7%. The bond market sold off, a positive sign for equities. The 10-year treasury yield is up 9 bps to 2.14%. The financial sector had a positive response to the higher yields. Financials rallied from being down -0.1% to close up +0.4%. The health care sector was the clear leader today. Health care was up all day and closed up +0.6% led by health care equipment and supplies up +1.0% and biotechnology up +0.9%.